Saputo Inc. (TSE:SAP) Receives C$41.75 Consensus PT from Analysts

Saputo Inc. (TSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$41.75.

A number of brokerages recently issued reports on SAP. National Bankshares increased their price objective on Saputo from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Scotiabank raised their price target on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Jefferies Financial Group raised their target price on shares of Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. CIBC upped their price target on shares of Saputo from C$36.00 to C$40.00 in a research note on Monday, November 10th. Finally, BMO Capital Markets increased their price objective on shares of Saputo from C$37.00 to C$41.00 and gave the company a “market perform” rating in a report on Friday, January 23rd.

Saputo Stock Performance

Shares of SAP opened at C$41.19 on Friday. The firm has a fifty day moving average of C$40.45 and a 200-day moving average of C$35.61. The company has a market cap of C$16.89 billion, a price-to-earnings ratio of -205.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.18. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. Saputo has a 1 year low of C$23.10 and a 1 year high of C$42.30.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. The firm had revenue of C$4.72 billion for the quarter. As a group, equities analysts anticipate that Saputo will post 1.7735369 earnings per share for the current year.

Saputo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, December 2nd. Saputo’s payout ratio is currently -385.00%.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.